💰 Bitcoin long-term holders’ supply in profit holds above 14 million BTC

Bitcoin’s long-term holders demonstrate resilience with a significant portion of the total supply in profit, even amidst price fluctuations. This trend suggests strong market confidence, as long-term holders tend to maintain their positions regardless of short-term market volatility. Recent data from Glassnode shows that the total supply of profit held by long-term holders has seen a steady increase, signaling robust market confidence.

Source

https://t.me/Bitcoin_Magazine

🥇 Bernstein predicts spot Bitcoin ETFs near approval at major wirehouses; maintains $200,000 target by 2025 end

While bitcoin bears argue the spot Bitcoin exchange-traded fund trade is “done,” they are missing two key factors, according to analysts at research and brokerage firm Bernstein. Arguments against the Bitcoin ETF trade revolve around early allocations being driven by retail investors, with institutional involvement confined to the basis “cash and carry” trade rather than net long positions, meaning the ETF flows are not “real,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant

Long-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared with CoinDesk. Wallets tracked by CryptoQuant show whales – a colloquial term for large holders of any token – sold over $1.2 billion worth of BTC in the past two weeks, likely using brokers instead of on the open market.

Source

https://t.me/Bitcoin_Magazine

🥇 MicroStrategy buys additional 11,931 bitcoin for $786 million

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 11,931 for approximately $786 million at an average price of $65,883 per bitcoin between April 27 and June 19, according to a filing on Thursday. The company now holds 226,331 BTC, worth roughly $14.9 billion. MicroStrategy’s total holdings were bought at an average price of $36,798 per bitcoin, a cost of around $8.33 billion, inclusive of fees and expenses, according to the company's founder and executive chairman Michael Saylor.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin liquidations spike as price drops below the $64,000

Bitcoin long liquidations have spiked to over $27 million in the past day after a price correction saw the largest digital asset by market hover around $63,600. In the past 24 hours, $33.85 million in bitcoin positions were liquidated, and over $132 million in the wider cryptocurrency market was liquidated in the same period. Of these combined crypto liquidations, the vast majority — around $105 million — were long positions, according to Coinglass data.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin dips below short-term holder realized price, sparking $60K fears

Bitcoin recently fell below $64,000, breaking its short-term holder realized price and signaling a possible further decline to levels unseen in 49 days, according to cryptocurrency analysis firm CryptoQuant. “Bitcoin is trading below the critical support level of $65.8K, now below $64K,” CryptoQuant wrote in a June 21 X post. On June 22, Bitcoin’s recent decline saw it drop 2% to $63,442, falling below the short-term holder realized price (STH-RP) at the time, which was $64,230, according to LookIntoBitcoin data.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K

Bitcoin’s price is currently struggling, but some analysts remain optimistic. It’s safe to say that Bitcoin’s price has seen better days. Just a couple of days ago, it dropped to a low of around $63,400 – a point that was last observed about a month ago. The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoin’s price.

Source

https://t.me/Bitcoin_Magazine

💰 Twitter founder Jack Dorsey gives presentation in Italy on how Bitcoin is permission-less freedom money 🇮🇹

“It could potentially be a compliment or replace the US dollar, which rules everything.”

- Jack Dorsey

https://t.me/Bitcoin_Magazine

💡💡💡: 🥇 Mt Gox to start Bitcoin repayments - Bloomberg

🤝 @Cryptocurrency_Inside ✅
More News on X

💰 Crypto Markets Shed $70 Billion Overnight as Bitcoin Fell to 6-Week Lows (Market Watch)

The relatively quiet weekend ended with BTC struggling to remain above $64,000, but Monday started with a massive price dump to a 6-week low of $62,000. Last week didn’t go well for the primary cryptocurrency as the ETF outflows skyrocketed. The underlying asset went from a weekly peak of over $67,000 to a multi-week low of $63,500 on Friday. Compared to the previous week, the losses were even more violent as BTC had tapped $70,000 on a few occasions back then.

Source

https://t.me/Bitcoin_Magazine

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💰 Trump may be headed to Nashville to speak at Bitcoin 2024: Axios

Former President Donald Trump might be headed to Nashville to speak at Bitcoin 2024 later in July, according to a report from Axios. Trump is in talks to speak at the event, according to Axios, which cited two people familiar with the matter on Monday. Other politicians will also speak at Bitcoin 2024, including presidential candidate Robert F. Kennedy Jr., former candidate for president Vivek Ramaswamy and Republican Sens. Bill Hagerty and Marsha Blackburn.

Source

https://t.me/Bitcoin_Magazine

💰 Bitwise CIO predicts spot Ethereum ETFs will attract $15 billion of net inflows in 18 months

Bitwise CIO Matt Hougan predicted that spot Ethereum exchange-traded funds will attract $15 billion of net inflows in their first 18 months, once launched in the U.S. The U.S. Securities and Exchange Commission approved 19b-4 forms for eight spot Ethereum ETFs from firms like Bitwise, BlackRock and Fidelity on May 23. However, the issuers still need to have their S-1 registration statements become effective before trading can begin. This is expected to happen in the next few weeks.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin miner Core Scientific says CoreWeave exercising option for 70 MW of additional infrastructure

Core Scientific has announced it will supply an additional 70 MW to host CoreWeave’s high-computing operations. "Under the terms of today’s announced agreement, Core Scientific will modify a total of 100 MW of its owned infrastructure to deliver approximately 70 MW to host CoreWeave’s NVIDIA GPUs for [high-performance computing] operations," the company said in a statement on Tuesday.

Source

https://t.me/Bitcoin_Magazine

🥇 What happens to #Bitcoin when Michael Dell announces he's bought it, he's not ashamed of it and Dell Computers is going to buy more? All models get destroyed 🚀

🤝 @Cryptocurrency_Inside ✅
More News on X

💰 Core Scientific to increase CoreWeave infrastructure access to 270 MW

Bitcoin mining firm Core Scientific updated its agreement with AI hyperscaler CoreWeave to provide the latter with 270 megawatts (MW) of total infrastructure access, according to a June 25 press release. Core Scientific said that CoreWeave exercised its first option to contract for an additional 70 MW of infrastructure access, expanding the earlier 12-year agreement for 200 MW of high-performance computing (HPC) hosting contracts from June 3.

Source

https://t.me/Bitcoin_Magazine

🥇 Bitcoin derivatives poised for 'quadruple witching' volatility as Friday's quarterly options expiry approaches, analyst says

The bitcoin options market is braced for heightened volatility, with over 20% of open interest on Deribit set to expire in-the-money (ITM), several analysts said to The Block on Wednesday. "As we approach Friday’s large quarterly expiry, potentially influenced by ‘quadruple witching’ and related volatility in U.S. markets, over 20% of Deribit open interest is set to expire in-the-money, equating to over $2.7 billion, total notional size of Friday's options expiry is over $10 billion," Deribit CEO Luuk Strijers told The Block.

Source

https://t.me/Bitcoin_Magazine

📣 Nvidia Insider Trading Alert : 🆘 CEO Jensen Huang just sold an additional $29.3 million worth of $NVDA shares. He's now sold roughly $125 million over the last 2 weeks.

🤝 @Cryptocurrency_Inside ✅
More News on X

💰 Bitcoin options implied volatility rises sharply on short-dated puts as traders prepare for potential downside swings: analysts

According to the CF Benchmarks' Bitcoin Volatility Index, the implied volatility for both short-dated puts and short-dated calls was approximately the same at the end of May, prior to the recent market downturn, during which bitcoin's price has fallen by over 14% in the past month. However, CF Benchmarks analysts are now observing a significant increase in implied volatility for near-term puts compared to their corresponding calls.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Miner CleanSpark (CLSK) Buys Out GRIID In $155 Million Stock Transaction

CleanSpark (CLSK) – one of the largest publicly traded Bitcoin mining firms – announced on Thursday that it had acquired one of its smaller competitors, GRIID Infrastructure, in an all-stock deal. The merger agreement required CleanSpark to assume all debts and other obligations from GRIID. It also required CleanSpark to provide GRIID with a $5 million working capital loan, and to pay down a bridge loan of $50.9 million to satisfy other obligations from the smaller miner.

Source

https://t.me/Bitcoin_Magazine